Zillow Group (NASDAQ:Z) PT Raised to $90.00 at Jefferies Financial Group

Zillow Group (NASDAQ:Z) had its price objective upped by Jefferies Financial Group from $80.00 to $90.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts also recently weighed in on Z. Bank of America upped their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a research report on Thursday, September 5th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.33.

Zillow Group Stock Performance

Z opened at $59.65 on Tuesday. The business has a fifty day simple moving average of $60.19 and a 200 day simple moving average of $50.66. The company has a market capitalization of $14.09 billion, a PE ratio of -86.45 and a beta of 1.95. Zillow Group has a 1 year low of $33.80 and a 1 year high of $68.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.13. The business had revenue of $572.00 million during the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Research analysts expect that Zillow Group will post -0.33 EPS for the current year.

Insider Activity at Zillow Group

In related news, Chairman Lloyd D. Frink sold 150,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the sale, the chairman now owns 582 shares in the company, valued at $29,583.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the transaction, the chairman now owns 582 shares in the company, valued at approximately $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock worth $11,780,363 in the last 90 days. Corporate insiders own 23.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of Z. Concord Wealth Partners bought a new position in shares of Zillow Group in the first quarter valued at approximately $26,000. Larson Financial Group LLC increased its position in shares of Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Zillow Group during the third quarter valued at approximately $35,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Zillow Group during the first quarter valued at approximately $37,000. Institutional investors own 71.01% of the company’s stock.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.